China may run a trade deficit by 2023, top economist suggests

Exports rose 7.9 per cent for the year, while imports increased 15.9 per cent in dollar terms, data from the General Administration of Customs showed.

China's exports to North Korea rose 8.3% in 2017 from a year earlier, at $3.34 billion, official data showed Friday.

Imports grew 4.5% year-on-year in the month to $177.1 billion, slowing from a rise of 17.7% in November and the lowest reading in a year, according to the customs data.

In November, China imported no iron ore, coal or lead from North Korea, the second full month of the United Nations trade sanctions.

Chinese private enterprises played a bigger role in trade previous year, edging up 0.4 percentage points in its share of total trade compared with that in 2016.

"Export prospects remain solid, given our outlook for growth globally, although more forceful USA trade restrictions on China's exports remain a key risk, following another rise in the U.S.' bilateral trade deficit in 2017", he said.

"We have long since expected China's domestic demand and imports to slow in 2018 on gradually tighter monetary and financial policies, and slower real estate activity", Kuijs said. Iron ore imports for the year hit a record high of 1.075 billion tonnes.

The import slowdown caused China's December trade surplus to surge to $54-billion, the highest since January 2016, compared to forecasts for a $37-billion surplus in December from November's $40.21-billion.

Economists say rising trade friction is a key risk for China.

"The record high trade surplus is likely to lead to more trade disputes between China and the USA", said Tommy Xie, an economist at Singaporean bank OCBC.

In November, China stopped exporting oil products to North Korea, after the U.N. Security Council that month imposed new caps on trade with North Korea, including limiting oil product shipments.

The Trump administration is also considering several unilateral tariff actions on steel, aluminium and China's intellectual property practices likely to draw disputes from WTO members.

It's hard to imagine the Carolina Panthers without Thomas Davis , but fans of the team might have to get used to that thought. On Friday, Davis told the NFL Network's Brooke Cersosimo that 2018, his 14th season, would be his last.

The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The institutional investor owned 64,376 shares of the oil and gas company's stock after selling 6,699 shares during the period.

Earlier, RJD chief Lalu Yadav had alleged that the Yatra was a scam and Rs 10 Crore was spent by the public exchequer for Yatra. The Opposition condemned the attack, but said the CM introspect why he is facing protests from all corners.

And, since the expansion of Medicaid under the, its benefits have been a key component in addressing the rise of substance abuse. Rick Scott, did not directly answer whether Scott would support work requirements or co-payments for the Medicaid program.

Earlier on Thursday, Republicans in the House of Representatives told reporters there had been substantial progress toward a deal. Any proposed agreement would need approval from the White House and congressional leadership to move forward.

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